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A lender preparing an Indiana supervisory file review asks a policy analyst about licensing and NMLS authority. Which response should be followed?

Correct Answer

D) Indiana DFI requires applicants to provide requested documentation for NMLS disclosure answers.

Indiana DFI requires applicants to provide requested documentation for NMLS disclosure answers.

Answer Options
A
Apply the Indiana rule only to company licenses and never to individual MLO activity.
B
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
C
Use another jurisdiction's approval as a substitute for the Indiana requirement.
D
Indiana DFI requires applicants to provide requested documentation for NMLS disclosure answers.

Why This Is the Correct Answer

Indiana DFI requires applicants to provide requested documentation for NMLS disclosure answers.

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